# U.S. livestock: Sluggish beef demand sinks CME live cattle - Manitoba Co-operator

> CME live cattle futures settled sharply lower, with June limit down at 114.8 cents/lb. Wholesale beef values fell six straight days on plentiful cattle, cheaper pork and weak grilling demand. Packer bids for cash cattle were $123-$124/cwt against seller asks of $130.

- Date: 2016-04-28 · published 2016-04-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6000-u-s-livestock-sluggish-beef-demand-sinks-cme-live-cattle-manitoba-co-operator
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weak wholesale beef demand cuts packer margins and threatens to pull cash cattle lower, which pressures feeder cattle values too. Lower cattle prices also reduce the cost of finishing feeder animals.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-05-02 | 1 | -4.0% | -5.6 | Limit-down settlement on weak wholesale beef demand and a wide bid-ask gap in cash cattle shows the bearish sentiment that carried into the following sessions, though it predates the 5/2 move. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-sluggish-beef-demand-sinks-cme-live-cattle/
- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-livestock-sluggish-beef-demand-sinks-cme-live-cattle/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.